Warning on corporate tax | Bangkok Post: business

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Warning on corporate tax

The planned reduction in the corporate tax rate could cause the Revenue Department to fall short of its collection target in fiscal 2013, cautions department director-general Satit Rungkasiri.

Starting Jan 1, corporate tax rates will fall to 20% from 23% now and 30% last year.

The Revenue Department, which is responsible for collecting corporate, personal, value-added and other taxes, has a revenue target of 1.74 trillion baht for fiscal 2013 starting October 2012, up by 9% from the previous year.

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  • boons

    United StatesPost : 664

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    Discussion 1 : 01 Dec 2012 at 13.401

    Soon to be followed by an increase in government debt. This is all so predictable: Credit fueled growth. Declining exports. Increased wages. Decreased tax revenues. It's very clear where this is heading.

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